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Market Distortions

I: The Govern...

Question

I: The Government has imported large quantities of sugar as per trade agreement with other countries.
II: The prices of sugar in the domestic market have fallen sharply in the recent months.

A

Statement I is the cause and statement II is its effect.

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B

Statement II is the cause and statement I is its effect.

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C

Both the statements I and II are independent causes.

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D

Both the statements I and II are effects of independent causes.

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E

Both the statements I and II are effects of some common cause.

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Solution

The correct option is A Statement I is the cause and statement II is its effect.
Since the Government has imported large quantities of sugar as per trade agreement with other countries, therefore, the prices of the sugar in the domestic market have fallen sharply in the recent months.

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In each of the questions, two statements are numbered as I and II. There may be a cause and effect relationship between the two statements. The statements may be the effect of the same cause or an independent cause. The statements may be independent causes without having any relationship. Read both the statements and mark your answer as:
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